The SEC chairman reiterated that ICOs for various types of tokens should be considered non-securities transactions and not subject to SEC regulation.

On December 10, according to Decrypt, SEC Chairman Paul Atkins stated at the Blockchain Association’s annual policy summit that various types of ICOs should be considered non-securities transactions and therefore not subject to SEC regulation. Atkins referenced the token taxonomy he introduced last month, which divides the cryptocurrency industry into four main token categories. Among these, network tokens, digital collectibles, and digital utilities themselves should not be considered securities, and related ICOs should also be treated as non-securities transactions. Atkins pointed out that the only category of ICOs the SEC should regulate is tokenized securities, meaning tokenized transactions of securities already regulated by the SEC conducted on-chain.